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As the name suggests this is an update patch for the old Versus Mode. As the author in this REDDIT post in which he gives permission to make updates to his mods and the fact that many of you are requesting it, I decided to share it.
The patch only updates the Versus Mode, so the Versus Custom Titles will still create crashes in the game in the DLC4 you are warned. The patch itself works perfectly with Versus Mode. I have not been able to check compatibility with Limitless V3 -- A Reckon5 Expansion Pack but any bugs it gives along with that mod can only be fixed with a Limitless V3 update.
IMPORTANT NOTE
The patch was made with the LV300 version and in all versions you will see the LV300 in the HUD, but in the LV100 and LV200 versions the level will be correct even if you see LV300 in the HUD.